Inflation, Growth Concerns Take Over GCC Stock Markets

Inflation, Growth Concerns Take Over GCC Stock Markets

GCC stock markets were mostly decreasing following other international markets as investors’ concerns about inflation and growth increased. 

Oil prices returned briefly to the upside after sliding yesterday before plunging again. Prices were pushed up by the decrease in crude inventories as shown by the US Energy Information Administration.

However, concerns about supply levels are retreating, adding downward pressure.